boeing collects $2 billion in bonuses for missile defense system that doesn’t work
Boeing Collects $2 Billion in Bonuses for Missile Defense System That Doesn’t Work
Two billion dollars was given to Boeing received from the Pentagon due to the midcourse defense system that is based on the ground. However, the money was still collected even though targets were not destroyed, like they were intended to. The USA held a regulation on eleven flights for the Defense system. The goal was to shoot the missiles over the Pacific Ocean using an underground cellar procedure. Unfortunately, the targets were not hit, only five out of the eleven were a success. With that being said, this defense system is not dependable on an attack towards North Korea nor Iran. Even though the defense system failed, Boeing still received 21 billion dollars from the Pentagon because of the administering of the system that they provided.
Time Magazine did a little bit of snooping and discovered that price had changed to play down the priority of the outcome of the conclusion the system gave us. Originally the more money was given to Boeing as long as they had an outstanding “hit to kill ratio.” Most people could agree that two billion dollars is a lot considering that the actions preformed were not outstanding. Chris Johnson, a spokesman dedicated to the missile agency stood up for Boeing by discussing that the benchmark was met concluding all the contract requirements, so therefore the bonuses were necessary in his eyes.
Time’s went as far as taking the money issues to court stating that we deserve to know about the money transfers and that Boeing cannot keep them confidential as if they are hiding something. Eventually the Defense Department decided to give in and wrote down every bonus they have given to Boeing which amounted to a shocking number of 1,959,072,946 dollars. Besides giving the information of dollar amount, the defense department also paid 15,000 dollars towards the hassle of legal damage to Time’s. Boeing is continuing to rack in money from the Defense Department for all of the contracts that they have.
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